Baby Milk & Infant Formula - Angola

Revenue in the Baby Milk & Infant Formula market amounts to US$39.84m in 2024. The market is expected to grow annually by 5.56% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$17bn in 2024).
In relation to total population figures, per person revenues of US$1.05 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 2.53m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 2.2% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.1kg in 2024.

Definition:

Baby milk and infant formula are types of milk made specifically for infants and young children who are not yet able to consume solid food or who cannot be breastfed. They are also intended for children aged between 1 and 3 who do not get enough nutrients from their regular diet.

Baby milk is typically made from cow’s milk that has been modified to make it more easily digestible for babies. It may also contain added nutrients, such as vitamins and minerals, to ensure that infants or young children receive all the nutrients they need for healthy growth and development. Infant formula is specially designed to mimic the nutrient content of breast milk as closely as possible. Baby milk and infant formula may come in different forms, such as in powdered form, as a liquid concentrate, or in a ready-to-feed form.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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Infant formula, such as Nestlé NAN PRO 1 Infant Formula, Aptamil Gold Infant Formula Milk Powder for Babies, Similac Advance Infant Formula, and Nestlé LACTOGEN 1 Infant Formula Powder
Baby milk, such as Milupa Milupino for 1–3-year-old toddlers and Aptamil Pronutra 1+

Milk and milk products intended for adult consumption, such as Danone’s dairy drinks
Milk substitutes (soy-based) for babies and infants
Out-of-home consumption

The Baby Milk & Infant Formula Market in Angola is facing negligible growth due to factors such as low consumer awareness, lack of trust in online services, and limited availability of digital technologies. Despite these challenges, the market is slowly adapting to digitalization, driven by the convenience it offers to busy parents.

Customer preferences: The Baby Milk & Infant Formula Market within The Food market is experiencing a growing demand for organic and natural products, as consumers become more health-conscious and seek products with fewer additives and preservatives. This trend is fueled by a rise in disposable income and a growing awareness of the potential health risks associated with processed foods. Additionally, there is a growing preference for locally sourced ingredients and sustainable packaging, as consumers become more environmentally conscious.

Trends in the market: In Angola, the Baby Milk & Infant Formula Market is experiencing a surge in demand, driven by the country's growing population and increasing disposable income. With rising awareness about the benefits of breastfeeding, there is also a trend towards organic and natural baby formula products. This presents significant opportunities for industry stakeholders to tap into this segment by offering innovative and high-quality products. Additionally, the government's efforts to improve access to healthcare and nutrition for infants could further boost the growth of the market in the coming years.

Local special circumstances: In Angola, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's tropical climate and limited access to clean water. This has led to a high demand for infant formula, as it is considered a safer and more convenient option for mothers. Additionally, the government's strict regulations on advertising and labeling of baby milk products play a significant role in shaping the market landscape. The market is also influenced by cultural norms, as breastfeeding is not a widely accepted practice in the country. These factors create a unique market dynamic, setting Angola apart from other markets in the region.

Underlying macroeconomic factors: The global economic landscape plays a crucial role in shaping the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market. Factors such as fluctuating currency exchange rates, trade policies, and commodity prices impact the production costs and pricing of baby milk and infant formulas. Additionally, the national economic health and fiscal policies of countries also have a significant influence on the market performance. For instance, countries with stable economic conditions and supportive fiscal policies tend to have a higher demand for premium baby food products, leading to market growth. On the other hand, economic instability and unfavorable fiscal measures can constrain market growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.